Tyre franchise - Port Adelaide
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Business Description
- Prominent location- Newly negotiated long term lease
- Fully staffed with tyre fitter & mechanic
- Suit hands on owner operator
Kevin Grant
Extended Price Information
| Goodwill | $109,920 |
| Plant & Equipment (approx written down value) | $85,080 |
| Stock at valuation (approx) | $20,000 |
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$215,000 |
Financial Summary
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Sales | Return to Owner | Return on Owner's Investment | ||
| n/a | (annualised) $1,179,166 | $90,642 | 42.16% | ||
| 2013/2014 | (annualised) $1,012,596 | $146,784 | 68.27% | ||
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The return to owner is a net return to one working owner after all expenses and wages but excluding the vendor’s wage.
Staff Summary
One full time manager, one full time tyre fitter/mechanic and one casual mechanic are all employed in this business
Lease Summary
| Current Rent | $4,424.16 per month + GST |
| Right of Renewal | Options to renew up to 2027 |
| Outgoings | Paid by lessee (approx. $960 per month + GST) |
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